Trust Your Resources

A general contractor had been running a profitable business in a small niche. He worked with subcontractors that he trusted to get the work done on schedule and within budget. Accounting was viewed as a necessary evil and just used for compliance. A bookkeeper came in a couple of times a week and no job cost reports were provided. Business continued on its normal path, but one year their CPA questioned why there was a decrease in profitability. The owner questioned the bookkeeper if she had any ideas of what was going on with his operations. The answers he was getting were very vague, and the information didn’t seem to add up in his mind. As he pressed the bookkeeper harder, he stopped getting return calls and he finally received an email that she could no longer service his business.

Solution

Reconfigured QuickBooks and reconciled all accounts

Standardized set up with best practices for job cost

Implemented paperless AP approval system

Trained owner on the importance of financial statements

Weekly review of all active jobs

Results

Improved gross profit margins

Improved controls and visibility of expenses

Peace of mind that another set of eyes are looking after his books – RedHammer is strict about not having the ability to make or control payments.

What Our Clients Are Saying

"We have definitely earned back our fee in implementing their recommendations… and we recommend Redhammer to any construction company who wants to take their business to another level”—Specialty Contractor, $7M in revenues